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3 years ago

Why is it important to distinguish between unilateral and mutual mistakes?

Business

1 answer:

SVEN [57.7K]3 years ago

6 0

Answer:

The correct answer is because it determines which contracts could be voidable

Explanation:

A unilateral mistake is when just one party to a contract is mistaken as to the terms contained in a contract.

Commonly, the unilateral mistake does not make a contract void; The mutual mistake makes it.

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Chapman Company, a major retailer of bicycles and accessories, operates several stores and is a publicly traded company. The com

Salsk061 [2.6K]

Answer:

$28,250

Explanation:

Chapman Company Statement of Cashflow using Indirect method

Cash flow from Operating Activities:

Net income$130000

Adjustment to reconcile net income to cash basis:

Depreciation expense $25000

Increase Account receivable ($17000)

Decrease Inventory$30000

Increase Prepaid Expense ($2000)

Increase Account payable $8000

Decrease Salaries & Wages Payable ($24750)

Increase Interest payable $2000

Balance $21250

Cash flow from Operating Activities $151250

Cash flow from Investing Activities:

Cash paid for purchase of plant assets ($28000)

Cash flow from Investing Activities ($28000)

Cash flow from Financing Activities:

Issue common stock (2000 * $10)$20000

Repaid Bonds($30000)

Cash dividend paid ($105000)

Cash flow from Financing Activities ($115000)

Net cash Increase/(decrease) $8250

Add: Beginning Cash Balance $20000

Ending Cash Balance $28,250

4 0

3 years ago

Which of the following statements is most true of order-getting salespeople?

melisa1 [442]

Answer:they seek out possible buyers and sue an organized creative approach to present messages

Explanation:

3 0

3 years ago

When determining the human resources needs for a well-known engineering firm, the HR director realized that the company lacked e

Phoenix [80]

Answer:

External

Explanation:

Human resources management

This is simply set up and control of formal systems for employee management within an organization.

Recruiting

This is refered to as the ways or process of getting a list of qualified candidates. The aim is to make the organization attractive to qualified applicants.

External Factors Affecting Recruitment

1. Supply and demand- labor market, unemployment rate

2. Social and legal environment

3.Competitors practices

Types of external source of labor

1. Direct recruitment where Informations are displayed on notice board. They are usually low cost.

2. Casual callers: this is simply known as a list of job seekers that is prepared and as the need arises they are called for an interview.

3. Advertisement through Newspaper, advertising etc.

5 0

3 years ago

Star Synergy Inc., a chemical dye manufacturing firm headquartered in the U.S., has started its production units in the less dev

Bad White [126]

Answer: To introduce environmental standards

Explanation:

Star synergy can tackle this problem by introducing the company's original factory prototype for environmental standards in their less developed nations where other producing units are based.

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3 years ago

At the beginning of the current period, Griffey Corp. had balances in Accounts Receivable of $239,000 and in Allowance for Doubt

denis-greek [22]

It’s c hopefully this helps

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3 years ago